Page 6 - Q3-2024-EN

AL MAZAYA HOLDING COMPANY K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED)
AS OF SEPTEMBER 30, 2023
(All amounts are in Kuwaiti Dinars)

For the three months ended For the nine months ended
September 30, September 30,
2022 2022
Note 2023 (Restated) 2023 (Restated)
Continuing operations:
Revenue:
Revenue from sale of properties held for trading 259,743 286,525 565,556 857,754
Rental income 2,939,787 2,624,053 8,921,063 7,654,209
Medical services income 593,339 360,377 1,538,817 1,523,904
Net management fees and commission income 24,897 93,560 236,846 229,623
Total revenue 3,817,766 3,364,515 11,262,282 10,265,490

Costs:
Cost of sale of properties held for trading (255,665) (307,916) (534,933) (777,200)
Cost of rental (419,753) (437,757) (1,369,309) (1,312,665)
Cost of medical services (514,337) (354,596) (1,439,746) (1,286,702)
Total costs (1,189,755) (1,100,269) (3,343,988) (3,376,567)

Gross profit 2,628,011 2,264,246 7,918,294 6,888,923

Reversal of impairment loss on properties held for trading - - 28,149 -
Share of results from an associate 5,012 8,743 9,938 19,117
Gain (loss) on sale of investment properties 2,945,231 (259,619) 3,610,686 (259,619)
Change in fair value of investment properties 5 - - (1,808,833) -
Selling and marketing expenses (79,228) (21,774) (210,340) (93,955)
General and administrative expenses (828,776) (767,518) (2,553,434) (2,352,676)
Depreciation (51,389) (38,344) (158,380) (147,235)

Operating profit 4,618,861 1,185,734 6,836,080 4,054,555

Gain on disposal of a subsidiary - - - 464,435
Net (loss) gain on financial assets (13,613) 42,195 (30,396) 49,936
Net other (expenses) income 7 (681,269) 326,247 (1,575,865) 112,068
Amortization of finance costs related to lease liabilities (414,534) (286,917) (1,074,448) (662,269)
Finance costs (1,461,799) (1,087,879) (4,408,478) (3,263,061)
Profit (loss) for the period from continuing operations 2,047,646 179,380 (253,107) 755,664

Discontinuing operations:
Profit (loss) for the period from discontinued operations 4 114,910 117,272 (22,423,210) 311,414
Profit (loss) for the period 2,162,556 296,652 (22,676,317) 1,067,078

Attributable to:
Shareholders of the Parent Company 1,725,239 224,462 (23,099,517) 639,143
Non-controlling interests 437,317 72,190 423,200 427,935
Profit (loss) for the period 2,162,556 296,652 (22,676,317) 1,067,078

Continuing operations:
Basic and diluted earnings (loss) per share attributable to
the shareholders of the Parent Company (Fils) 8 2.64 0.20 (1.06) 0.60
Discontinued operations:
Basic and diluted earnings (loss) per share attributable to
the shareholders of the Parent Company (Fils) 8 0.17 0.16 (36.16) 0.42

Total Basic and diluted earnings (loss) per share
attributable to the shareholders of the Parent Company
(Fils) 8 2.81 0.36 (37.22) 1.02

The accompanying notes (1) to (14) form an integral part of the interim consolidated financial information.

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